What Is A 1098c IRS Donation Form

Irs Tax Deduction

According to the IRS:

Who Must File ‘A donee organization
must file a separate Form 1098-C, Contributions of Motor Vehicles, Boats,
and Airplanes, with the IRS for each contribution of a qualified vehicle
that has a claimed value of more than $500. A qualified vehicle is any
motor vehicle manufactured primarily for use on public streets, roads, and
highways; a boat; or an airplane. You received Form 1098-C because you
donated a motor vehicle, boat, or airplane (“donated vehicle”) to the
charity shown on the front of your form.’ ---from the IRS

What does
this mean to me and my boat donationWhen you donate a vehicle,
watercraft, boat trailer, or anything else with a title to charity, you
should receive a 1098C IRS donation form from that charity shortly after
you give. Usually within 30 days of the date of donation or 30 days from
the date of sale of your donation by the charity (depending on what the
charity has done with your item). When you donate with us we guarantee to
issue a 1098C form each time you give!A 1098C IRS donation form for
your boat donation will allow you to receive a full fair market value tax
deduction from the IRS each time you give. This form tells about the
charitable organization you gave to, what they have done with your boat,
and if they have sold it, what price they received. If you have an
appraisal you want to accompany that appraisal along with a 1098c IRS
donation form and possibly additional forms like an 8283 IRS donation
form. Click here to go directly to our 8283 IRS non-cash donations form
page. We always provide our boat donation donors a complete 1098C IRS form
within 30 days from the date of donation (unless you have an appraisal at
which time other arrangements can be made for you).Would you like to
learn more about giving back through boat donation? Would you like to
learn more about a 1098C IRS donation form and the process for giving?
Give us a call! Our volunteers are here seven days a week and happy to
answer all of your donation questions once you are ready to give.

Download 1098c IRS Donation Form2)
Download your IRS form 1098C here. Use this form for
all types of watercraft donation made to charity. This form is proof of
your IRS federal tax deduction eligibility. Donate with us and we will
provide you this form free of charge! Your 1098C forms, along with all
other necessary donation forms are always provided by us free of charge!

More Ways You Can Help...

You have a sailboat that you want to divest yourself of but you simply do not have the time or inclination to sell it on your own. Do you list it with a broker and hope that you get a decent price, even after the commission fees? What you want to do is call Online Boat Donation and donate a sailboat instead. There are two main reasons why you should make a sailboat donation. First, you will likely receive a better value for it through a fair market tax deduction, which spells great savings for you come income tax time. And second, when you donate a sailboat, you are helping a variety of charitable organizations goals.